5 reasons Elon Musk is cutting jobs at Tesla ahead of Q1 earnings
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon Musk said. Tesla reports earnings April 23 after global sales fell 8.5 percent last quarter on weak demand......»»
Tesla announces fourth round of layoffs in four weeks
The latest cuts affect engineers, HR, and service advisers. Enlarge (credit: Karol Serewis/SOPA Images/LightRocket via Getty Images) On Sunday night, even more Tesla workers learned they were no longer employed by the c.....»»
Fish residues can compensate for raw materials shortages and improve our health in the bargain
More than a million tons of fish residues can rescue the food and cosmetic industries from raw materials shortages—and create new jobs. The key factors here are oils rich in omega-3, collagen and gelatin......»»
Rivian to report Q1 earnings as EV maker cuts costs, prepares new models
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year......»»
Openlane Q1 earnings: Net income rises 46%; revenue down 1%
Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter......»»
Tesla lays off more staff in software, service teams
Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported Monday, citing emails and sources familiar with the matter......»»
Two facilities team up for structural biology advances with X-ray free-electron lasers and exascale computing
Plans to unite the capabilities of two cutting-edge technological facilities promise to usher in a new era of dynamic structural biology. Through DOE's Integrated Research Infrastructure, or IRI, initiative, the facilities will complement each other'.....»»
LG TV deals: 70-inch 4K TV for under $500
Whether you're after something large and cutting-edge or something more affordable, we've rounded up the best LG TV deals available right now......»»
Morgan Stanley hikes Apple stock target after unexpectedly positive earnings
Despite a recent Apple stock price target cut bank Morgan Stanley is amongst Apple's biggest bulls — and it has proven that by nudging the company's price target up to $216.An Apple Store signMorgan Stanley was oddly bullish about Apple even as it.....»»
All-screen MacBook Pro and iPhone fold get new and aggressive rumored launch timetable
An Apple analyst believes that a foldable iPhone and an all-screen MacBook Pro are coming far sooner than expected, but there are reasons to be cautious about the latest rumor.The 'iPhone Fold' is expected to take design cues from existing Apple prod.....»»
How Steve Jobs saved Apple with the iMac 26 years ago
On May 6, 1998, Steve Jobs announced the iMac, and we wouldn't now have the iPhone, the Apple Store, or even Apple itself, if it hadn't been such a success.Steve Jobs, famously sitting with an original iMacIf there's ever any doubt that the iMac is a.....»»
From scandals to slowdown, Toyota faces these top five challenges as it pursues record profits
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace......»»
Magna adds 363 jobs at 3 operations in Michigan
Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week......»»
The simple reasons your PC games don’t play as well as they should
If you're unhappy with your PC's gaming performance, don't start saving for upgrades just yet -- try these tricks to improve it first......»»
AI in space: Karpathy suggests AI chatbots as interstellar messengers to alien civilizations
Andrej Karpathy muses about sending a LLM binary that could "wake up" and answer questions. Enlarge (credit: Getty Images) On Thursday, renowned AI researcher Andrej Karpathy, formerly of OpenAI and Tesla, tweeted a ligh.....»»
Uncovering the reasons behind the rapid warming of the North Pole
The North Pole region heats up faster than the rest of the world. Though this is a known fact, climate models underestimate the speed with which the region warms up. Sjoert Barten obtained his PhD on this subject at Wageningen University & Research o.....»»
Lucid to report Q1 earnings amid cash burn, waning EV growth
The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year......»»
Analysis paralysis - hot takes from investment firms in the wake of Apple earnings
Apple had a pretty good quarter despite China weakness, defying analysts' doom-and-gloom predictions. Here's what some of them think on the morning after.Apple's iPhone results may indicate China's buying higher-priced modelsThursday saw Apple CEO Ti.....»»
What’s happening at Tesla? Here’s what experts think.
Can things be turned around at Tesla, or is this the beginning of the end? Enlarge (credit: Aurich Lawson | Getty Images | Beata Zawrzel) No car company in recent years has been able to generate more news headlines than.....»»
Apple Q2 2024 earnings brought to life by Six Colors, with video too
Yesterday saw the announcement of the Apple Q2 2024 earnings report, which were pretty much exactly as expected – revenue coming in at $90.75B against Wall Street expectations of $90.1B. As usual, Six Colors has brought the numbers to life with.....»»
What did we learn from Tim Cook’s comments yesterday?
There were no surprises in Apple’s earnings report yesterday, with the company reporting close to the $5B year-on-year fall in revenue it had warned us to expect. Analysts got their usual chance to question CEO Tim Cook and chief financial offic.....»»